Despite signs that the economy might be slowing down, unemployment somehow is continuing to drop. The San Jose metro has reached a ridiculously low 3.7% unemployment rate this April. This is down from 3.9% in the previous month and 4.1% a year ago. It's starting to feel a lot like 1999.
Statewide, 1,800 IT jobs were lost in April. In the San Jose metro, 400 were added in April. Clearly we're still doing something right. Hopefully we can maintain these stats for a while longer.